Rocket Companies Trading Volume Surges 56.27% to $307 Million Ranking 314th in Daily Turnover

On June 5, 2025, Rocket Companies (RKT) saw a significant increase in trading volume, with a turnover of $307 million, marking a 56.27% rise from the previous day. This surge placed Rocket Companies at the 314th position in terms of daily trading volume. The stock price of Rocket Companies also rose by 2.65%.

Rocket Companies recently announced the pricing of a private offering of senior notes. The offering includes $2 billion of 6.125% senior notes due in 2030 and $2 billion of 6.375% senior notes due in 2033. These notes are initially guaranteed by Rocket Mortgage, LLC, and will also be guaranteed by Redfin Corporation upon the completion of the proposed acquisition. Additionally, the notes will be guaranteed by Mr. Cooper Group Inc. and its subsidiaries following the acquisition of Mr. Cooper Group Inc. The proceeds from this offering are intended to support the closing of the Mr. Cooper acquisition, redeem existing senior notes, and repay secured debt.

The offering is expected to close on June 20, 2025, subject to customary conditions. The company plans to use the proceeds to redeem NMH's senior notes due in 2026, 2027, and 2028, as well as to pay fees and expenses related to the offering and redemption. The company may also use the proceeds to redeem, purchase, or amend other senior notes and repay secured debt after the completion of the Mr. Cooper acquisition. The offering is not contingent on the completion of the Redfin acquisition or the Mr. Cooper acquisition. The notes will be subject to a special mandatory redemption if the Mr. Cooper acquisition is not completed by September 30, 2026, and a partial special mandatory redemption 45 days after the Mr. Cooper acquisition for any proceeds not used in the redemption or repayment of other secured debt.